No counter bid for Siam Makro from Charoen Sirivadhanabhakdi | Bangkok Post: business

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Charoen denies takeover bid reports

Counter bid would 'disrupt financial plan'

  • Published: | Viewed: 8,032 | Comments: 2
  • Newspaper section: Business
  • Writer: Pitsinee Jitpleecheep & Darana Chudasri
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Thai billionaire Charoen Sirivadhanabhakdi has denied reports that he was preparing a counter bid for shares in Siam Makro Plc to compete with the country's richest man, Dhanin Chearavanont. 

Mr Charoen talks to his wife, Khunying Wanna, at the BJC’s shareholders’ meeting yesterday.

Mr Charoen said such a move would be outside his company's financial plan.

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